Startup loans

For Indigenous entrepreneurs.

Featured member

Patrice Mousseau launched Satya Organic Skin Care to help soothe her eight-month-old daughter’s eczema.


Up to $75,000

Best part

Get funding based on your idea, not your credit history.

Why our startup loans stand out.

Inclusive approval

Qualify as a startup, pre-revenue, based on the strength of your experience and your idea, instead of only your credit score.

Advice and support

Get advice from our small business team and connect with third-party support that can help you plan your business.

Financial flexibility

Borrow funds as a term loan or line of credit — whatever is best for you — with no application fee or monthly operating fee.

Loan details.


For new businesses


For existing businesses

Loan size Up to $50,000 Up to $75,000
Loan type Term loan or combination of term loan and operating line of credit Term loan or combination of term loan and operating line of credit
Interest charged Vancity Prime± plus 3% Vancity Prime± plus 3%
Repayment period 5 years 5 years

A term loan is repaid over a specific period of time by making payments on both the principal and interest. A line of credit (also known as an operating loan) requires the loan-holder to repay only the interest on the outstanding loan balance each month. A line of credit is limited to a maximum of 25% of the total approved amount. Administrative fees are waived under the startup loan program for all term loans and for the first year on your line of credit.

Get inspired.

How will you use your startup loan? Here are a few ideas to get you started:

  • Working capital
  • New production and services
  • Business expenses
  • New tools or equipment
  • Leased office space
  • Research and development that leads to commercialization
  • Pre-commercial and commercial product development
  • Market development


All business owners have successfully completed a self-employment or pre-entrepreneurial training program such as the Aboriginal BEST (Business and Entrepreneurship Skills Training) program

You operate the business in Metro Vancouver, the Fraser Valley Regional District, Greater Victoria, or the Sea-to-Sky Corridor

Let’s get to know your business.

We want your business to be successful and have a positive impact on our community. If this loan sounds right for you, we’ll work with you to understand your business potential and explore financial solutions to meet your needs.


Start with a plan.

A business plan helps us understand your goals and how you’ll achieve them. To get started, read our Start Smart guide. You’ll also need to prepare other documents in our checklist.


Tell us about your business.

Send an email to with details about your business and what you're looking for.


Meet with us.

We’ll book an appointment with you to talk through the details. Be sure to fill out the Aboriginal BEST workbook in advance.


Find a business account manager

Browse by location, language, and other details— and pick your preferred account manager.

Browse our directory

Schedule a call

Let us do the introductions. Choose a time that works for you, and a Microloan team member will call you to answer your questions.

Book a phone appointment